Once the deal closes, SEAKR will become part of the Raytheon Intelligence & Space segment.
Raytheon Technologies has signed a definitive agreement to acquire SEAKR Engineering, a privately-owned supplier of space electronics based in Centennial, Colorado.
Closure of the acquisition is subject to the completion of customary conditions and regulatory approvals. SEAKR Engineering will be a wholly-owned subsidiary of Raytheon Technologies and will become part of Raytheon Intelligence & Space upon closing.
Speaking about the agreement, Roy Azevedo, President of Raytheon Intelligence & Space, said: “Our investment strategy accelerates our agility in meeting a higher standard of performance ? the space standard ? and expands our core space business with new applications that are shaping our world. With SEAKR Engineering, we are enhancing our capability to provide qualified systems faster. SEAKR’s culture of forward-thinking innovation will complement our ability to solve our space customers’ hardest problems.”
Over the last 40 years, SEAKR Engineering has delivered more than 300 flight units with a 100% on-orbit success rate.
Scott Anderson, President and Co-Founder, SEAKR Engineering, added: “SEAKR Engineering is a forward-leaning business with a determined drive to innovate and do the work necessary to make advancements that enable new possibilities in space. Being able to leverage the strengths and expertise of the Raytheon Technologies team, we will have the ability to build on our industry-leading products as part of a larger talented team equally committed to our customers, employees and values.”